Communiqué de presse

BNY Mellon Asset Servicing claims 'Best Global Custodian' in Asian awards for second consecutive year

Singapore, April 7, 2008 - BNY Mellon Asset Servicing, the global leader in securities servicing, has been awarded the title of ‘Best Global Custodian’ in Asia in The Asset magazine’s Triple A Transaction Banking Awards 2008.  The Asset magazine is one of Asia's leading monthly financial markets magazines.

The Asset noted that BNY Mellon, “had proven to be an undeniable presence in the global custody arena last year as it transformed itself into the biggest custodian bank in the world following the merger between The Bank of New York and Mellon.”

2007 was a strong year for BNY Mellon in Asia with multi-million dollar revenue growth and a surge in assets under custody and administration. The Asset stated that BNY Mellon “won mandates left and right” across all the major markets in Asia Pacific.

“It is a great honour to accept this prestigious award,” said Chong Jin Leow, head of Asia, BNY Mellon Asset Servicing.  “When we announced our merger last year we promised clients that they would receive the same high level of service to which they are accustomed.  To be awarded best global custodian for the second consecutive year is not only a great privilege, it shows that we are delivering on our client promise.”

“This recognition is testament to the dedication and performance of our talented employees across the region. I would also like to thank our clients, who place their trust in us - this award would not be possible without their support," added Jin Leow.

Last month, BNY Mellon was also awarded the title of ‘Best Fund Administrator’ in Asia by The Asset magazine. 

The Bank of New York Mellon has been conducting business in the Asia-Pacific region for over 50 years and has over 2,700 employees in 15 offices across 12 countries in the region, including full-service branches in Shanghai, Tokyo, Hong Kong, Singapore, Seoul and Taipei.

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Notes to editors

BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialised asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services.  BNY Mellon Asset Servicing provides services through The Bank of New York, Mellon Bank, N.A. and other related companies.